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Bahrain Signs Mutual Assistance Convention and Multilateral Agreement on Financial Account Information Exchange — Orbitax Tax News & Alerts

The OECD has announced that on 29 June 2017, Bahrain signed the OECD-Council of Europe Convention on Mutual Administrative Assistance in Tax Matters as amended by the 2010 protocol, as well as the Multilateral Competent Authority Agreement on Automatic Exchange of Financial Account Information (MCAA). The Convention must now be ratified by Bahrain and the ratification instrument deposited before entering into force in the country. With regard to financial account information exchange, Bahrain intends to begin the first exchange by September 2018.

Click the following links for the signatories to the Mutual Assistance Convention and the MCAA to date.